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Sledge, for the longest time, about a year I used floor pivots for the ES and ER and they worked, but too often price just smoked through them without a pause. |
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This is true dandxg.......sometimes. The thing with the ES is there was a time when it would never respect them and then six months later it starts bouncing right off them. It's the nature of the evolving beast and as such you always want to put price and volume ahead of anything. You can't just play
John Carter's 'pivot plays' willy nilly.
I like to have them up there to see if they're going to be respected as this gives you a bit of an indication of sentiment.
Sledge, I don't have any good answers for for when to start your pivots session. Some say 12-12, others 2:30 EST. I think
Mark fisher has some info on this in regard to FX. BUT Eiger uses true pivots which are highs and lows so I would suggest having a look at Eigers method first.